#Phoenix ( $PHB ) is showing signs of a potential short opportunity as price approaches a key supply area.
Trade Details:
▶️ Entry Zone: $0.490
▶️ Stop Loss: $0.546
▶️ Target: $0.403 (Weekly Demand / Order Block)
Technical Breakdown:
▶️ Price is moving into an advanced order block, a known area where sellers may step in.
▶️ Previous bearish displacement confirms selling pressure is still dominant.
▶️ Weekly demand zone at $0.403 is unmitigated, making it a strong target.
▶️ Structure is shifting lower with clear lower highs and lower lows, supporting the bearish bias.
Strategy: Use supply zone rejection with HTF confirmation for entry.
This setup aligns with SMC/OB concepts and follows price action logic.
Wait for rejection or confirmation signals before entering — don’t front-run the move.
Share this setup if it’s on your radar.
